IFM Investors Pty Ltd Has $2.66 Million Position in CarMax, Inc. (NYSE:KMX)

IFM Investors Pty Ltd boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,521 shares of the company’s stock after acquiring an additional 557 shares during the quarter. IFM Investors Pty Ltd’s holdings in CarMax were worth $2,659,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KMX. Allworth Financial LP raised its holdings in shares of CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares in the last quarter. Ronald Blue Trust Inc. raised its holdings in CarMax by 194.0% during the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after buying an additional 289 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after buying an additional 400 shares during the last quarter. Mendota Financial Group LLC bought a new stake in shares of CarMax during the 4th quarter worth about $37,000. Finally, MCF Advisors LLC acquired a new position in shares of CarMax during the 4th quarter valued at about $46,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KMX shares. Bank of America upped their target price on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, February 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $83.00 price objective on shares of CarMax in a report on Monday, April 8th. JPMorgan Chase & Co. dropped their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Oppenheimer reissued an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Tuesday, April 9th. Finally, StockNews.com raised CarMax to a “sell” rating in a research report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.42.

Insider Buying and Selling

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at $485,110.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Diane L. Cafritz sold 15,356 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The disclosure for this sale can be found here. Company insiders own 1.66% of the company’s stock.

CarMax Stock Performance

Shares of KMX stock traded up $0.37 during mid-day trading on Friday, reaching $69.59. The stock had a trading volume of 2,625,796 shares, compared to its average volume of 2,927,940. The firm has a market cap of $10.95 billion, a PE ratio of 22.97, a P/E/G ratio of 1.16 and a beta of 1.61. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The firm’s 50 day simple moving average is $77.98 and its 200 day simple moving average is $72.10.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, analysts forecast that CarMax, Inc. will post 3.27 EPS for the current year.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.